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Netflix CEO Tells T2’s Tilson to Drop Bearish Bet: Chart of Day

Netflix Inc.’s chief executive officer publicly asked a hedge-fund manager today to stop betting against the company, a lesson that many investors already have learned.

"It is possible that one could make money shorting Netflix today," CEO Reed Hastings, whose movie-rental company has moved to online delivery from DVDs, wrote in a posting on the Seeking Alpha website. "But shorting a market-leading firm as it is driving a huge new market is a very gutsy call."